Monday, August 05, 2013
"Prince Charles is paying a lower rate of tax than his servants"
This is much like the story about Warren Buffett paying less taxes than his secretary. Let's face it, laws are purposefully written to allow this...
On the U.K. Daily Mail website, Matt Chorley and Daniel Martin have this about the story:
"He demanded to know why Charles paid just 23.6 per cent of his income in direct and indirect tax, compared with an average of 38 per cent paid by the poorest quarter of the population.
Describing the Duchy of Cornwall, which owns land across the South West and provides Charles with his income as heir to the throne, as a ‘medieval anomaly’, Mr Mitchell suggested the only reason it was not registered as a company was so the Prince could avoid tax.
The criticism came as Charles’s principal private secretary, William Nye, appeared before MPs on the Commons spending watchdog, the public accounts committee.
Chairman Margaret Hodge, who led the fight against tax-dodging corporations Starbucks and Google, said it was ‘shockingly wrong’ that the Prince was paying so little tax on the duchy’s profits."
